By Oliver Gray
Investing.com - U.S. stock futures were trading slightly higher during Wednesday’s evening deals, after major benchmark averages continued their retreat during the regular session as April’s consumer price index showed an 8.3% rise, easing slightly from 8.5% in the previous month but remaining near 40-year highs.
By 6:40pm ET (10:40pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were all up by 0.1%.
In extended deals, Walt Disney Company (NYSE:DIS) dipped 3.2% after the company reported stronger-than-expected subscriber growth.
Coupang LLC (NYSE:CPNG) popped 18.9% after reporting Q1 losses of 12 cents per share, better than the 17 cents expected, while revenue came in at $5.1 billion versus $5.25 billion expected.
Beyond Meat Inc (NASDAQ:BYND) tanked 22.4% after results. The company reported losses of $1.58 per share, 57 cents worse than estimate of $1.01. Revenue for the quarter came in at $109.5 million versus $112.4 million expected.
Bumble Inc (NASDAQ:BMBL) rose 11%, reporting Q1 EPS of $0.13, better than losses of 3 cents expected. Revenue for the quarter came in at $211.2 million versus estimates of $208.37 million.
Rivian Automotive Inc (NASDAQ:RIVN) rose 7% after reporting a narrower-than-expected loss for the first quarter, while maintaining its 2022 production target of 25,000 vehicles.
Dutch Bros Inc (NYSE:BROS) plummeted 36.6%, reporting Q1 losses of 2 cents per share, versus 1 cent expected, while revenues were at $152.2 million versus $145.63 million expected.
Fossil Group Inc (NASDAQ:FOSL) shed 10.1% as Q1 losses came in at 37 cents per share, versus losses of 29 cents reported last year, while revenues came in at $376 million, versus $363 million last year.
Sonos Inc (NASDAQ:SONO) gained 9.4% after reporting Q2 EPS of 26 cents versus 5 cents expected. Revenue for the quarter came in at $399.8 million versus the consensus estimate of $352.84 million.
During Wednesday’s regular session, the Dow Jones Industrial Average fell 326.63 points or 1.02% to close at 14-month lows of 31,834.11. The S&P 500 slipped 65.85 points or 1.65% to 3,935.18, and the NASDAQ Composite dropped 3.18% to close at 18-month lows of 11,364.24.
On the bond markets, United States 10-Year rates eased to 2.927%.